Thursday, October 11, 2018

THURSDAY 10/11/18; Cascading Global Selloff Loops Around the World; NIKK (Japan) Plummets -3.9%; SPASX200 (Australia) Collapses -2.7%; KOSPI (South Korea) Crashes -4.4%; SSEC (China) Crashes -5.2%; HSI (Hong Kong) Plummets -3.5%; BSE Sensex and Nifty (India) Each Crash -2.2%; WBA; DAL; CPI (Consumer Price Index); DAX (Germany) Collapses -1.5%; CAC (France) Plummets -1.9%; FTSE (UK) Retreats -1.9%; MIB (Italy) Collapses -1.8%; IBEX (Spain) Sinks -1.7%; 30-Year Bond Auction; VIX Above 28; SPX Drops -2.1% Losing the 200-Day MA, 50-Week MA, 10-Month MA and 12-Month MA Signaling Cyclical Bear Market Ahead; INDU (Dow) Loses -2.1%; COMPQ Sinks -1.3% in Correction Territory; NDX Drops -1.1%; RUT Collapses -1.9%; Oil Plummets -4%; Gold Rallies +3%

US futures are marginally negative after the historic Wednesday selloff. S&P -3. Dow -47. Nasdaq -12. Russell -2.

The index futures for Japan, South Korea and Australia look bleak. NIKK -3.4%. KOSPI -1.7%. ASX 200 -1.8%. New Zealand is trading with the NZX collapsing -2.2%. The cascading global selloff continues looping around the world. New Zealand reports weak home sales creating a negative mood in the Pacific theater.

[Blog text is redacted. Purchase the Daily Chronology of Global Markets and World Economics 2018-10 that explains the October stock market crash in real-time as it occurs.]

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